Professional Audit Services In Dubai—Ensuring Compliance, Building Stakeholder Confidence

My Taxman offers a comprehensive range of Audit Services In UAE tailored to meet diverse business needs:​

Statutory Audits : Most businesses based in the UAE mainland and in most free zones require statutory audits:

• Necessary: Limited Liability Companies (LLCs), Public Joint Stock Companies (PJSCs) and VAT or Corporate Tax registered businesses.
• Purpose: Make sure that financial statements are prepared in accordance with the UAE Commercial Companies Law and the International Financial Reporting Standards (IFRS) of financial reporting.
• Periodicity: It should be held once a year, and then submitted to the concerned authorities.
• Deliverables : Signed audit report, detailed financial statements, and management letter

Our audit services in Dubai are designed to assure that your statutory audit is up to all the regulatory commendations and that we audit services will give you insight into your financial health.​

External Audits : Independent third-party auditors are external auditors who conduct audits to give independent opinions on whether financial statements are accurate:

• External audit of financial documents and accounting procedures.
• Adherence evaluation to the relevant accounting standards.
• Internal control effectiveness evaluation.
• Identifying material misstatements or irregularities were detected.
• Opinion on fairness of financial statements during provision of audit opinion.

Extrinsic audits are more credible to the stakeholders and contribute to expansion of businesses.​

Internal Audits : Internal audits are concerned with assessment and enhancement of organizational procedures, controls and risk management:

• Internal control systems and their effectiveness assessment.
• Diagnosis of areas of inefficiencies and areas of improvement.
• Assessment of internal policy and procedures conformity.
• Identification of risk and development of the mitigation strategy.
• Suggestions on how to reinforce governance structures.

Internal audits are therefore more advantageous in business improvement as compared to external audits which are based on financial statements which are not continuous.​

Financial Audits : Audits Financial audits look at whether the financial statements and other documents are accurate and complete:

• Confirmation of asset and liabilities values.
• Review of revenue and expenses recognition.
• Validation of cash flow statement.
• Adherence to Generally Accepted Accounting Principles (GAAP) or the IFRS.
• Review of the accounting policy suitability.

Our financial audit service is to see that your statements represent the financial position of your business reasonably.​​

Tax Audits : Tax auditing is used to ensure that the tax laws of the UAE are met such as VAT, Corporate Tax, and Excise Tax:

• Audit of Accuracy and Completeness of Tax Return.
• Check tax calculation and payment deductions.
• Performance evaluation of records supporting tax posts.
• Determination of possible tax risks or exposures.
• Tax compliance recommendations.

The combined services of My Taxman, both in tax consulting and auditing, leave you with a combination of advice that will optimize your tax position and which will fully comply.​

Due Diligence Audits : Due diligence audits are carried out in case of merger, acquisition or investment transactions:

• Full financial health evaluation of target companies.
• Determination of the possible liabilities and risks.
• Confirmation of the value of assets and ownership.
• Survey of the contractual duties and contingencies.
• Historical financial performance analysis and projection.

Our due diligence solutions secure your interests in key business deals.​

Operational Audits : Operational audit assesses the effectiveness and efficiency of the business operations:

• Evaluation of operation processes and operations.
• Discovery of cost saving opportunities.
• Assessment of the efficiency of use of resources.
• Industry performance measurement.
• Operation improvement recommendations

Information System Audits : IT system audits are becoming more significant as technology is now at the heart of the contemporary business activity:

• Cybersecurity and data security evaluation.
• Review of system access permission and user access controls.
• Data backup and disaster recovery process audit.
• Checking the adherence to the regulations of data privacy.
• Evaluation of license and use of software.